Amendment: The Individual Income Tax Act (630): Difference between revisions
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Amendment: The Individual Income Tax Act (630) (view source)
Revision as of 22:16, 20 February 2024
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(Created page with "''An act to fund government expenditure from individual revenues.'' ''Passed on 26 Sep 2021 with 5 Aye, 0 Nay, 0 Abstain,'' ==Article 1 - The Income Tax== :1.1 - Creates a progressive tax on all earnings by citizens of the Republic set at the median annual tax rate of 40%, and sets Income Tax Brackets as follows:<br> :1.2 – The first ₣15,000 of Income shall be tax free<br> :1.2 - ₣15,000 - ₣30,000 shall be taxed at 21%<br> :1.3 - ₣30,000 - ₣60,000 shall be...") |
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''An act to fund government expenditure from individual revenues.''
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==Article 1 - The Income Tax==
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